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MicroStrategy’s Bitcoin focus drives market cap past $50 billion, overtaking Coinbase Ambitious Bitcoin expansion plan catapults MicroStrategy past Coinbase amid crypto market shifts. The market capitalization of MicroStrategy, the prominent Bitcoin-focused investment firm, has now exceeded that of Coinbase, the largest crypto exchange in the US. According to data from Yahoo Finance, MicroStrategy (MSTR) is currently valued at over $50 billion, surpassing Coinbase (COIN), which stands at approximately $46.5 billion. This shift is not surprising, given MicroStrategy’s stock’s remarkable performance. Over the past year, shares have surged by approximately 400% to a two-decade high of around $250. MicroStrategy Coinbase MicroStrategy vs Coinbase Shares (Source: Tradingview) In contrast, Brian Armstrong-led Coinbase has risen by a solid but relatively more modest 40% due to heightened competition in North America. The exchange has recently lost market share to the rapidly growing Crypto.com and has seen reduced trading activity due to the introduction of spot Bitcoin ETFs. Further, this change reflects the market’s response to the third-quarter earnings reports from both companies. MicroStrategy announced an ambitious plan to raise $42 billion to purchase Bitcoin, while Coinbase revealed intentions for a $1 billion stock buyback. Some crypto experts argue that the exchange should have invested in Bitcoin rather than its own shares. Bitcoin Holding companies Bitcoin Holding Companies (Source: Companiesmarketcap) Overall, MicroStrategy now ranks among the top three companies by market capitalization holding, mining, or accepting Bitcoin. It is trailing only electronic car maker Tesla and payment giant $BTC
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$DOGE DOGE Precise Coverage———— Yesterday, we asked everyone to cover their positions in batches at around 0.37 and 0.34, and the lowest price was around 0.34. Let friends who didn't get on the train before have the opportunity to get on the train Today, it was sideways during the day, and it started to get agitated after the data was released in the evening. The current price is around 0.43, I still hold the previous view, hold on and don't let go How many friends followed yesterday? $DOGE
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why pnut is pullish?$PNUT
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$BITCOIN is experiencing significant capital inflows since September, with the Realized Cap (which tracks the total cost basis of all coins) hitting a new all-time high of $656B. Over the past 30 days, this metric has grown by 3.8% - one of the strongest growth rates since January 2023 - representing $2.5B in fresh capital entering the market. This surge in Realized Cap suggests robust market health, where new investors are actively buying Bitcoin while existing holders taking profits are met with strong demand at higher price levels. $BTC
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🌙 Overnight, Bitcoin $BTC hit a new all-time high above $90,000 before pulling back. 📉 Altcoins are also in decline, with top losers including FET (-22%), WLD (-19%), CRO (-19%), MEW (-16%), and JASMY (-15%). 📈 Gainers include BONK (+22%), XLM (+10%), and XRP (+8%). 📊 Fear and Greed Index: 84 — Extreme Greed. $BTC
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